<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">In mid-2024, a beautiful riverside Holiday Park faced an insurance crisis.<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">Despite its idyllic location and loyal customer base, the park's future hung in the balance due to one critical issue:<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">It was looking at the possibility of being unable to secure an insurance renewal.<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14pt;"><strong><span style="color: #063d5b;">The Challenge<br /><br /></span></strong></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">Following an extremely difficult 3-year period for Australian Insurance companies extensive Broker searches found Australian insurance companies had little or no appetite to take on what was considered a high-risk industry.<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">Searches internationally found a company prepared to consider the park for insurance but only after several conditions were met prior to them fully considering the insurance possibility.<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14pt;"><strong><span style="color: #063d5b;">Enter BizPort Services<br /><br /></span></strong></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">BizPort Services was called upon to conduct a comprehensive Risk Mitigation Review.<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">Our mission was to create a report identifying the risks along with a plan showing how the risk exposures that were making the park&rsquo;s insurance extremely difficult to have in place could be reduced.<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14pt;"><strong><span style="color: #063d5b;">The Solution<br /><br /></span></strong></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">Insurance was granted and over the following months, BizPort Services implemented and further developed a tailored and site-specific risk mitigation plan. </span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">Working closely with park owners and managers, their approach to risk management has been transformed.<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14pt;"><strong><span style="color: #063d5b;">The Turning Point<br /><br /></span></strong></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">BizPort Services met with the Insurance company&rsquo;s Australian representatives, showcasing the significant risk mitigation achievements and outlining the ongoing program.<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">The results spoke for themselves.<br /><br /></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14pt;"><strong><span style="color: #063d5b;">The Outcome<br /><br /></span></strong></span></p>
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<p class="MsoNormal" style="line-height: 140%; margin: 6.0pt 0cm 6.0pt 0cm;"><span style="font-family: arial, helvetica, sans-serif; color: #063d5b; font-size: 14pt;">The insurance company has not only agreed to provide continued coverage but also:<br /><br /></span></p>
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<p class="MsoNormal" style="text-indent: -18.0pt; line-height: 140%; mso-list: l0 level1 lfo1; margin: 0cm 0cm 0cm 20.0pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14pt;"><!-- [if !supportLists]--><span style="mso-list: Ignore;">&middot;<span style="font-style: normal; font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><span style="color: #063d5b;">Reduced the previous year's premium by tens of thousands of dollars </span></span></p>
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<p class="MsoNormal" style="text-indent: -18.0pt; line-height: 140%; mso-list: l0 level1 lfo1; margin: 0cm 0cm 0cm 20.0pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14pt;"><!-- [if !supportLists]--><span style="mso-list: Ignore;">&middot;<span style="font-style: normal; font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><span style="color: #063d5b;">Commended the park owners and managers for their proactive approach </span></span></p>
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<p class="MsoNormal" style="text-indent: -18.0pt; line-height: 140%; mso-list: l0 level1 lfo1; margin: 0cm 0cm 0cm 20.0pt;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14pt;"><!-- [if !supportLists]--><span style="mso-list: Ignore;">&middot;<span style="font-style: normal; font-variant: normal; font-size-adjust: none; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; line-height: normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><span style="color: #063d5b;">Praised and encouraged the partnership with BizPort Services<br /><br /><br /></span></span></p>